Was There Really an Earlier Period of International Financial Integration Comparable to Today?
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In this paper we reconsider the international market integration, starting at high levels in the late nineteenth century, collapsing between the wars, and recovering gradually after 1945 to reach levels comparable to pre-1914 in the 1990's. The empirical evidence we survey suggests that in some
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美国国家经济研究局创建时间：
1998-09-01
